Henan issues risk warning to prevent illegal fundraising under the name of stablecoins

The Office of the Mechanism for Preventing and Combating Illegal Financial Activities in Henan Province reminds that recently, some illegal institutions have used "stablecoins" for illegal fundraising, gambling, fraud and other illegal activities. Stablecoins are not tools for investment or speculation, and any losses incurred from participating in illegal fundraising are borne by the fundraising participants themselves. Please enhance rational investment awareness and risk awareness among the general public to avoid being deceived. If it is found that relevant institutions are engaged in illegal fundraising activities under the name of investing in stablecoins, please report to the local non leading departments or public security departments in a timely manner. (Henan Release)